September 29, 1998
Bank Rate Lowered by ¼ Percentage Point to 5¾ Per Cent
The Bank of Canada today lowered its Bank Rate by ¼ of one percentage point to 5¾ per cent.
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September 28, 1998
Changes to Government of Canada auction process to take effect 14 October 1998
On behalf of the Minister of Finance, the Bank of Canada announced today that "Revised rules pertaining to auctions of Government of Canada securities and the Bank of Canada's surveillance of the auction process," released 11 August 1998, will take effect on 14 October 1998.
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September 23, 1998
Global uncertainties and the Canadian economy
This past year, we have had to deal with the implications for our economy and our currency of increased global uncertainty and pressures arising from the problems that originated in Southeast Asia. I am sure that the effects of these developments, especially on primary commodities, such as oil and nickel, are already very familiar to Newfoundlanders.
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September 23, 1998
Bank of Canada Governor Addresses St. John's Board of Trade
Bank of Canada Governor Gordon Thiessen today reviewed international economic and financial developments and their implications for Canada.
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September 2, 1998
Renegotiation of Standby Credit Facility
On behalf of the Minister of Finance, it was announced today that Canada has renegotiated its existing U.S.$6.0 billion standby credit facility with international banks.
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